“Refinance your student loans and save thousands!” Not so fast. Sure, everyone likes to save money (especially if your loans have entered repayment), and student loan refinancing has the potential to help you do so, but it should be approached like any other major financial decision: with the time, study, and careful consideration necessary to make a well-informed choice.
What is student loan refinancing, and how can it help you? Depending on your situation, student loan refinancing can help you out of a tight spot, help you make your loan repayment more manageable, and even help you get ahead. But who offers it, and who can you trust? Make no mistake, there are plenty of private lenders on the market eager to get your business and help you handle your loans, but not all lenders are cut from the same cloth. Some are trustworthy, respectable institutions that will help you find a manageable plan and save money; others, however, are more concerned with their profit than with your success.
You’ve already done plenty of homework while earning your degree, so let us do the homework for you on student loan refinancing. This article is designed to help you figure out if student loan refinancing is right for you, find the best place to take your business, and save the most money that you can in the process. We have evaluated the many lenders who want your business in order to find The 10 Best Student Loan Refinance Deals.